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Issue 766 22•April•2020 Week 16
Ready for deeper cuts?
Russia and Saudi Arabia may be ready to enact deeper oil production cuts to stabilize prices, their energy ministers said in a joint statement.
OPEC without optimism
OPEC’s Monthly Report for April makes for very sobering reading following the past month’s unprecedented market turmoil.
Petrofac loses Dalma work
ADNOC has terminated two contracts for Petrofac’s joint venture on the Dalma gas development worth $1.65bn.
No let up at South Pars
Gas flows from Iran’s South Pars field have not been affected by the coronavirus outbreak
